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"wedge pattern" refers to a specific shape formed in a financial chart. It looks like a triangle, with two converging lines that move in opposite directions. This pattern typically suggests a potential breakout or trend reversal in the near future.
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«wedge»
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Phrases with «wedge pattern»
Sentences with «wedge pattern»
- Sell signal: Identify a rising wedge pattern (bearish). (dolphintrader.com)
- The stock has historically taken support near the bottom of falling wedge pattern before moving higher again. (tradesoftheday.com)
- For example, a broadening wedge pattern on a 1 - hour chart would require a 1 - hour close beyond the upper or lower boundary. (dailypriceaction.com)
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